In continuation of DONG Energy A/S' company announcement of 2 October 2013, the Danish State represented by the Ministry of Finance, DONG Energy A/S, the Danish pension fund Arbejdsmarkedets Tillægspension (ATP), funds managed by the Merchant Banking Division of Goldman Sachs through New Energy Investment S.a.r.l (Goldman Sachs funds) and the Danish Pension fund PFA Pension Forsikringsaktieselskab (PFA) have today signed a legally binding investment agreement setting forth the terms and conditions for ATP's, Goldman Sachs funds’ and PFA's investment of a total of DKK 11 billion in DONG Energy A/S by subscription of new shares.

The final closing of the transaction is for the Danish State conditional on approval by the Finance Committee of the Danish Parliament.

ATP will subscribe for new shares for DKK 2.2 billion, Goldman Sachs funds for DKK 8 billion and PFA for DKK 0.8 billion. The subscription of new shares will be based on a valuation of DONG Energy A/S of DKK 31.5 billion prior to the capital increase.